Greenfire Resources Ltd. says it continues to build on positive production results and impactful initial contributions in Q4 2023 from the company's redevelopment infill (refill) drilling program and facility optimization initiatives at its Hangingstone Expansion and Demo assets.
March 21, 2024, 9:12 AM MDT
Pieridae Energy Limited’s Goldboro LNG sales process is expected to conclude in the first half of 2024 and, once complete, will mark the conclusion of Pieridae’s strategic pivot away from East Coast LNG and toward an Alberta-focused natural gas production and processing business.
March 21, 2024, 11:16 AM MDT
Logan Energy Corp. successfully executed on its exploration and development capital expenditure program spending $74.1 million during the second half of 2023, in line with budgeted capital expenditures before A&D of $75.0 million for the period.
March 21, 2024, 12 AM MDT
Last year was a transformational one for Source Rock Royalties Ltd., with the company busy on the deal front.
March 20, 2024, 6:12 AM MDT
March 19, 2024, 12 AM MDT
March 19, 2024, 8:44 AM MDT
Cardinal Energy Inc.’s capital expenditures for the fourth quarter were $41.3 million, consisting of $3.5 million on recompletions and workovers throughout its operating areas combined with $7.9 million on facilities and infrastructure upgrades.
March 18, 2024, 12 AM MDT
March 18, 2024, 6 AM MDT
March 18, 2024, 6 AM MDT
Rubellite Energy Inc. expects exploration and development capital spending to be approximately $12 - $13 million in the first quarter of 2024.
March 15, 2024, 12 AM MDT
Rubellite Energy Inc. rig released a total of 11 (11.0 net) wells in its two-rig, fourth quarter development drilling program at Figure Lake.
March 15, 2024, 9:08 AM MDT
Global oil demand is forecast to rise by a higher-than-expected 1.7 million bbls/d in Q1 2024 on an improved outlook for the United States and increased bunkering, the International Energy Agency (IEA) forecasts in its latest oil market report.
March 14, 2024, 12 AM MDT
For 2024, Canadian oil supply is forecast to grow by 160,000 bbls/d to an annual high of six million bbls/d, according to the International Energy Agency’s (IEA) latest oil market report.
March 14, 2024, 12 AM MDT
Construction of Vermilion Energy Inc.’s 16,000 boe/d Mica Montney battery is progressing as planned and remains on schedule for a mid-year start-up, the company noted in Q4 and year-end results.
March 13, 2024, 6 AM MDT
With approximately 70 per cent of its production hedged at almost $4/mcf and some of the lowest costs in the industry, Peyto Exploration & Development Corp. has no current plans to cut its 2024 capital spending like other gas focused operators.
March 12, 2024, 12 AM MDT
Tourmaline Oil Corp. reported proved, developed producing (PDP) reserves of 1.20 billion boe at year-end 2023, up slightly over 39 per cent after accounting for 2023 annual production of 189.9 million boe.
March 12, 2024, 12 AM MDT
March 12, 2024, 10:47 AM MDT
Five months after closing its $699 million acquisition of Repsol Canada’s Deep Basin assets, Peyto Exploration & Development Corp. is busy drilling across the 455,000 net acres acquired in the deal, company president and chief executive officer JP Lachance told analysts at its 2023 fourth quarter and year-end conference call.
March 11, 2024, 9:49 AM MDT
March 11, 2024, 9:59 AM MDT
While fourth quarter of 2023 production at Kiwetinohk Energy Corp. was flat year-over-year, it was a banner year overall for output.
March 8, 2024, 12 AM MST
Peyto Exploration & Development Corp. reported funds flow from operations of $670 million in 2023, the third highest in company history.
March 8, 2024, 9:39 AM MST
Crew Energy Inc. reported production of 30,178 boe/d in 2023, down slightly from 33,277 boe/d the previous year.
March 8, 2024, 4:59 AM MST
Headwater Exploration Inc. reported record production of 19,939 boe/d (93 per cent heavy oil), an increase of 28 per cent over 2022 fourth quarter production of 15,546 boe/d (87 per cent heavy oil).
March 8, 2024, 12 AM MST
Kelt Exploration Ltd.’s average production for the three months ended Dec. 31, 2023 was 32,344 boe/d, up 15 per cent compared to average production of 28,036 during the fourth quarter of 2022.
March 8, 2024, 12 AM MST
While Tourmaline Oil Corp. is cutting its capital expenditures in 2024 and expects to keep natural gas production flat in response to low prices, it remains bullish the pull on natural gas from the startup of LNG Canada in 2025 will push prices higher.
March 7, 2024, 12:31 PM MST
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